Putnam Hartford Capital Manager

Putnam Capital Opportunities Subaccount

The subaccount seeks long-term growth of capital.

Fund description

The subaccount invests primarily in small and midsize companies, seeking hidden opportunities in stocks with growth potential that has been relatively unnoticed by investors. The portfolio can own growth and value stocks without a bias toward either style.

Sales story

Seeking opportunities in small and midsize companiesSmaller companies: Often overlooked by Wall Street analysts, the stocks of smaller companies can represent attractive opportunities to firms with strong research capabilities.A flexible strategy: The fund can own growth- or value-style stocks, allowing it to seek opportunities regardless of which style is in favor.Differentiated research: The portfolio managers select stocks in a collaborative effort that emphasizes non-consensus critical thinking.

Management team

Lipper ranking ‡ as of 06/30/18

Category: Small-Cap Core Funds

  Percentile ranking Rank/Funds in category
10 yrs. 75% 94/126
1 yr. 96% 161/168
3 yrs. 94% 152/161
5 yrs. 97% 148/153

The subaccount invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Variable annuities are long-term investments designed for retirement purposes. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.

‡ Lipper is an industry research firm whose rankings are based on total return performance, vary over time, and do not reflect the effects of sales charges. Past performance is not indicative of future results.

Quick facts as of 07/31/18

Fiscal Year End December
Asset Class Putnam Hartford Capital Manager
Subaccount Status Open to new investors
Number of issues 110
Turnover (fiscal year end) 157%
Net Assets $28M
Inception Date 05/01/03

Holdings

Top 10 holdings as of 06/30/18

Summit Materials 2.64%
Costar Group 2.22%
Talend 2.22%
Godaddy 2.19%
Discovery 2.12%
Burlington Stores 2.03%
Orion Engineered Carbons 1.83%
Instructure 1.78%
Everbridge 1.72%
Hamilton Lane 1.72%
Top 10 holdings, total: 20.47%

Equity Holdings as of 06/30/18

SUMMIT MATERIALS INC -CL A 2.64%
COSTAR GROUP INC 2.22%
TALEND SA - ADR 2.22%
GODADDY INC - CLASS A 2.19%
BURLINGTON STORES INC 2.03%
ORION ENGINEERED CARBONS SA 1.83%
INSTRUCTURE INC 1.78%
EVERBRIDGE INC 1.72%
HAMILTON LANE INC-CLASS A 1.72%
INVESTMENT TECHNOLOGY GROUP 1.70%
GAMING AND LEISURE PROPERTIE 1.69%
RADIAN GROUP INC 1.64%
JOHN BEAN TECHNOLOGIES CORP 1.60%
QAD INC-A 1.57%
OSHKOSH CORP 1.54%
DXC TECHNOLOGY CO 1.53%
LOGMEIN INC 1.49%
MALIBU BOATS INC - A 1.44%
DISCOVERY INC-C 1.40%
EAST WEST BANCORP INC 1.40%
SBA COMMUNICATIONS CORP 1.40%
OWENS CORNING 1.39%
MEDICINES COMPANY 1.33%
AT HOME GROUP INC 1.32%
LIBERTY MEDIA COR-SIRIUSXM C 1.31%
SERVICE CORP INTERNATIONAL 1.31%
W.R. GRACE & CO 1.28%
LIBERTY MEDIA CORP-LIBERTY-C 1.26%
PEOPLES BANCORP INC 1.26%
UMPQUA HOLDINGS CORP 1.25%
BALL CORP 1.24%
JAZZ PHARMACEUTICALS PLC 1.24%
EASTERLY GOVERNMENT PROPERTI 1.23%
L3 TECHNOLOGIES INC 1.22%
PROTO LABS INC 1.15%
GRAPHIC PACKAGING HOLDING CO 1.09%
CAVIUM INC 1.02%
RIGHTMOVE PLC 1.01%
HUNT (JB) TRANSPRT SVCS INC 1.00%
EMPLOYERS HOLDINGS INC 0.99%
SMITH (A.O.) CORP 0.98%
WP CAREY INC 0.97%
CLOVIS ONCOLOGY INC 0.96%
E*TRADE FINANCIAL CORPORATION 0.94%
ENCANA CORP 0.86%
ASSURED GUARANTY LTD 0.84%
BROOKS AUTOMATION INC 0.83%
BRUNSWICK CORP 0.81%
FMC CORP 0.81%
PENUMBRA INC 0.80%
CRAFT BREW ALLIANCE INC 0.79%
EPLUS INC 0.79%
DIPLOMAT PHARMACY INC 0.77%
SIMPLY GOOD FOODS CO/THE 0.77%
FIRST REPUBLIC BANK/CA 0.76%
BIO-RAD LABORATORIES-A 0.75%
VALMONT INDUSTRIES 0.74%
ALLIANT ENERGY CORP 0.72%
DISCOVERY INC - A 0.72%
ALLETE INC 0.70%
NRG ENERGY INC 0.69%
BIOMARIN PHARMACEUTICAL INC 0.68%
IRONWOOD PHARMACEUTICALS INC 0.67%
OLD NATIONAL BANCORP 0.66%
ATARA BIOTHERAPEUTICS INC 0.65%
GTT COMMUNICATIONS INC 0.64%
OGE ENERGY CORP 0.61%
TELEFLEX INC 0.61%
POPULAR INC 0.60%
SEVEN GENERATIONS ENERGY - A 0.60%
ST JAMES'S PLACE PLC 0.59%
LIVE NATION ENTERTAINMENT IN 0.58%
PARTY CITY HOLDCO INC 0.58%
TEXAS CAPITAL BANCSHARES INC 0.58%
PJT PARTNERS INC - A 0.55%
BANDWIDTH INC-CLASS A 0.53%
DAVE & BUSTER'S ENTERTAINMEN 0.52%
EVERCORE INC - A 0.52%
PACWEST BANCORP 0.50%
HOLLYFRONTIER CORP 0.46%
WHITING PETROLEUM CORP 0.46%
SANDERSON FARMS INC 0.45%
BLUEBIRD BIO INC 0.44%
WELLCARE HEALTH PLANS INC 0.44%
IDACORP INC 0.42%
GENMARK DIAGNOSTICS INC 0.39%
WYNDHAM HOTELS & RESORTS INC 0.39%
ALNYLAM PHARMACEUTICALS INC 0.38%
WPX ENERGY INC 0.38%
EDGEWELL PERSONAL CARE CO 0.36%
HTG MOLECULAR DIAGNOSTICS 0.33%
LOXO ONCOLOGY INC 0.32%
NUVISTA ENERGY LTD 0.32%
PARSLEY ENERGY INC-CLASS A 0.32%
ARRAY BIOPHARMA INC 0.31%
CALLAWAY GOLF COMPANY 0.27%
RH 0.26%
PATTERSON-UTI ENERGY INC 0.23%
RANGE RESOURCES CORP 0.23%
SELECT ENERGY SERVICES INC-A 0.22%
DR PEPPER SNAPPLE GROUP INC 0.21%
TRANSUNION 0.21%
OCEANEERING INTL INC 0.20%
OIL STATES INTERNATIONAL INC 0.20%
EXTRACTION OIL & GAS INC 0.19%
IMMUNOGEN INC 0.16%
NEKTAR THERAPEUTICS 0.15%
LIBERTY OILFIELD SERVICES -A 0.11%
EVERGY INC 0.09%
DIAMONDBACK ENERGY INC 0.08%
CHESAPEAKE ENERGY CORP 0.05%

Full Portfolio Holdings as of 06/30/18

SUMMIT MATERIALS INC -CL A 2.64%
COSTAR GROUP INC 2.22%
TALEND SA - ADR 2.22%
GODADDY INC - CLASS A 2.19%
BURLINGTON STORES INC 2.03%
ORION ENGINEERED CARBONS SA 1.83%
INSTRUCTURE INC 1.78%
EVERBRIDGE INC 1.72%
HAMILTON LANE INC-CLASS A 1.72%
INVESTMENT TECHNOLOGY GROUP 1.70%
GAMING AND LEISURE PROPERTIE 1.69%
RADIAN GROUP INC 1.64%
JOHN BEAN TECHNOLOGIES CORP 1.60%
QAD INC-A 1.57%
OSHKOSH CORP 1.54%
DXC TECHNOLOGY CO 1.53%
LOGMEIN INC 1.49%
MALIBU BOATS INC - A 1.44%
DISCOVERY INC-C 1.40%
EAST WEST BANCORP INC 1.40%
SBA COMMUNICATIONS CORP 1.40%
OWENS CORNING 1.39%
MEDICINES COMPANY 1.33%
AT HOME GROUP INC 1.32%
LIBERTY MEDIA COR-SIRIUSXM C 1.31%
SERVICE CORP INTERNATIONAL 1.31%
W.R. GRACE & CO 1.28%
LIBERTY MEDIA CORP-LIBERTY-C 1.26%
PEOPLES BANCORP INC 1.26%
UMPQUA HOLDINGS CORP 1.25%
BALL CORP 1.24%
JAZZ PHARMACEUTICALS PLC 1.24%
EASTERLY GOVERNMENT PROPERTI 1.23%
L3 TECHNOLOGIES INC 1.22%
PROTO LABS INC 1.15%
GRAPHIC PACKAGING HOLDING CO 1.09%
CAVIUM INC 1.02%
RIGHTMOVE PLC 1.01%
HUNT (JB) TRANSPRT SVCS INC 1.00%
EMPLOYERS HOLDINGS INC 0.99%
SMITH (A.O.) CORP 0.98%
WP CAREY INC 0.97%
CLOVIS ONCOLOGY INC 0.96%
E*TRADE FINANCIAL CORPORATION 0.94%
ENCANA CORP 0.86%
ASSURED GUARANTY LTD 0.84%
BROOKS AUTOMATION INC 0.83%
BRUNSWICK CORP 0.81%
FMC CORP 0.81%
PENUMBRA INC 0.80%
CRAFT BREW ALLIANCE INC 0.79%
EPLUS INC 0.79%
DIPLOMAT PHARMACY INC 0.77%
SIMPLY GOOD FOODS CO/THE 0.77%
FIRST REPUBLIC BANK/CA 0.76%
BIO-RAD LABORATORIES-A 0.75%
VALMONT INDUSTRIES 0.74%
ALLIANT ENERGY CORP 0.72%
DISCOVERY INC - A 0.72%
ALLETE INC 0.70%
NRG ENERGY INC 0.69%
BIOMARIN PHARMACEUTICAL INC 0.68%
IRONWOOD PHARMACEUTICALS INC 0.67%
OLD NATIONAL BANCORP 0.66%
ATARA BIOTHERAPEUTICS INC 0.65%
GTT COMMUNICATIONS INC 0.64%
OGE ENERGY CORP 0.61%
TELEFLEX INC 0.61%
POPULAR INC 0.60%
SEVEN GENERATIONS ENERGY - A 0.60%
ST JAMES'S PLACE PLC 0.59%
LIVE NATION ENTERTAINMENT IN 0.58%
PARTY CITY HOLDCO INC 0.58%
TEXAS CAPITAL BANCSHARES INC 0.58%
PJT PARTNERS INC - A 0.55%
BANDWIDTH INC-CLASS A 0.53%
DAVE & BUSTER'S ENTERTAINMEN 0.52%
EVERCORE INC - A 0.52%
PACWEST BANCORP 0.50%
HOLLYFRONTIER CORP 0.46%
WHITING PETROLEUM CORP 0.46%
SANDERSON FARMS INC 0.45%
BLUEBIRD BIO INC 0.44%
WELLCARE HEALTH PLANS INC 0.44%
IDACORP INC 0.42%
GENMARK DIAGNOSTICS INC 0.39%
WYNDHAM HOTELS & RESORTS INC 0.39%
ALNYLAM PHARMACEUTICALS INC 0.38%
WPX ENERGY INC 0.38%
EDGEWELL PERSONAL CARE CO 0.36%
HTG MOLECULAR DIAGNOSTICS 0.33%
LOXO ONCOLOGY INC 0.32%
NUVISTA ENERGY LTD 0.32%
PARSLEY ENERGY INC-CLASS A 0.32%
ARRAY BIOPHARMA INC 0.31%
CALLAWAY GOLF COMPANY 0.27%
RH 0.26%
PATTERSON-UTI ENERGY INC 0.23%
RANGE RESOURCES CORP 0.23%
SELECT ENERGY SERVICES INC-A 0.22%
DR PEPPER SNAPPLE GROUP INC 0.21%
TRANSUNION 0.21%
OCEANEERING INTL INC 0.20%
OIL STATES INTERNATIONAL INC 0.20%
EXTRACTION OIL & GAS INC 0.19%
IMMUNOGEN INC 0.16%
NEKTAR THERAPEUTICS 0.15%
LIBERTY OILFIELD SERVICES -A 0.11%
EVERGY INC 0.09%
DIAMONDBACK ENERGY INC 0.08%
CHESAPEAKE ENERGY CORP 0.05%
S&P MID 400 EMINI SEP18 FAU8 -0.01%
S&P500 EMINI FUT SEP18 ESU8 -0.01%
EMIN RUSSELL 2000 SEP18 RTYU8 -0.02%

Prior top 10 holdings

Top 10 holdings as of 06/30/18
1: Summit Materials 2.64%
2: Costar Group 2.22%
3: Talend 2.22%
4: Godaddy 2.19%
5: Discovery 2.12%
6: Burlington Stores 2.03%
7: Orion Engineered Carbons 1.83%
8: Instructure 1.78%
9: Everbridge 1.72%
10: Hamilton Lane 1.72%
Holdings represent 20.47% of portfolio
Top 10 holdings as of 05/31/18
1: Summit Materials 2.88%
2: Godaddy 2.55%
3: Orion Engineered Carbons 2.14%
4: Instructure 2.06%
5: Dxc Technology 2.01%
6: Burlington Stores 1.96%
7: Everbridge 1.93%
8: Qad 1.87%
9: Talend 1.84%
10: Logmein 1.78%
Holdings represent 21.02% of portfolio
Top 10 holdings as of 04/30/18
1: Summit Materials 2.95%
2: Everbridge 2.41%
3: Godaddy 2.38%
4: Dxc Technology 2.32%
5: Orion Engineered Carbons 2.06%
6: John Bean Technologies Corp 2.02%
7: Instructure 2.01%
8: Logmein 1.89%
9: Burlington Stores 1.88%
10: Easterly Government Properties 1.71%
Holdings represent 21.63% of portfolio
Top 10 holdings as of 03/31/18
1: Summit Materials 2.96%
2: Everbridge 2.35%
3: Dxc Technology 2.25%
4: Godaddy 2.25%
5: Orion Engineered Carbons 2.08%
6: Instructure 2.07%
7: John Bean Technologies Corp 1.99%
8: Logmein 1.97%
9: Radian Group 1.97%
10: Burlington Stores 1.84%
Holdings represent 21.73% of portfolio

Portfolio Composition as of 06/30/18

Common stock 96.40%
Cash and net other assets 3.60%

Portfolio characteristics will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Variable annuities are long-term investments designed for retirement purposes. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty. Growth investing targets companies with above-average earnings that may be subject to price volatility if earnings expectations are not met.

Top Industry Sectors as of 06/30/18

Information technology 17.33%
Financials 16.49%
Consumer discretionary 14.20%
Industrials 12.06%
Health care 11.40%
Materials 8.89%
Real estate 5.30%
Energy 4.93%
Cash and net other assets 3.60%
 
Other
5.80%
Utilities 3.22%
Consumer staples 2.58%